Investing.com - Franklin Resources (NYSE:BEN) reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Franklin Resources announced earnings per share of $0.78 on revenue of $1.94B. Analysts polled by Investing.com anticipated EPS of $0.70 on revenue of $1.5B.
Franklin Resources shares are down 29% from the beginning of the year and are trading at $24.10 , down-from-52-week-high.
Franklin Resources shares gained 2.77% in pre-market trade following the report.
Franklin Resources follows other major Financial sector earnings this month
Franklin Resources's report follows an earnings beat by JPMorgan on Friday, October 14, 2022, who reported EPS of $3.12 on revenue of $32.7B, compared to forecasts EPS of $2.92 on revenue of $32.13B.
Bank of America had beat expectations on Monday, October 17, 2022 with third quarter EPS of $0.81 on revenue of $24.5B, compared to forecast for EPS of $0.7816 on revenue of $23.56B.
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